MicroStrategy Shares Up By 450% by Wall Street Demand

MicroStrategy shares, listed under the ticker MSTR, are up 450% year-to-date, outpacing Bitcoin’s 110% rise in the same period. This caught the attention of Wall Street investors such as Vanguard, Morgan Stanley and Capital International Investors.

MicroStrategy, the world’s largest institutional holder of Bitcoin (BTC), owns approximately 331,200 BTC, worth roughly $29.7 billion. This follows a landmark $4.6 billion acquisition on Monday, the largest single-day acquisition in the company’s history.

MicroStrategy’s 13F report, a quarterly report that institutional investors must file with the United States Securities and Exchange Commission (SEC), shows that the number of institutional investors increased from 667 to 738, with total assets valued at $15.3 billion as of September. reveals that it is. last.

Benchmark analyst Mark Palmer noted MicroStrategy’s distinctive strategy, noting that the way MSTR generates compound returns from its Bitcoin holding through leverage gained through frequent access to the US Capital Markets is what differentiates it from other options like Spot Bitcoin. ETFs.

MicroStrategy’s year-to-date chart. Source: crypto.news

Similarly, in the third quarter, both Vanguard Group and Capital International Investors purchased close to 16 million shares each; This represents a 1000% increase in their holdings in MSTR. Morgan Stanley also increased its investment by purchasing 8 million shares, reflecting a 500% increase from the previous quarter. Goldman Sachs and Bank of America added 696,000 and 766,000 shares, respectively, on top of their significant purchases last year. Meanwhile, State Street and Susquehanna International Group, a global quantitative trading firm, together purchased 5.3 million shares.

While the new investments are only a small portion of these companies’ larger portfolios, the current increase in investments in MSTR demonstrates growing confidence in MicroStrategy’s foothold in the crypto market. In the last trading session, MSTR closed at $384 per share and its market capitalization increased by 12.96 percent to $78 billion. At the same time, Microsoft rose only 0.18%, while Tesla shares rose 5.62% and Nvidia fell 1.29%. MicroStrategy is leading so far given its Bitcoin-focused strategy.